Saudi Arabia leads GCC in project awards this year
The 2024 outlook for the MENA region's project market is exceptional, with an anticipated surpassing of $270 billion in value,...Business
Sheikh Maktoum says UAE enjoys high financial solvency, credit profile
The UAE continues to enjoy high financial solvency as well as a strong credit profile, minister of finance Sheikh Maktoum...Al Maktoum's statement comes as the Ministry of Finance confirms the issuance of a multi-trance bond offering.
The new bond package, comprising of tranches of 10, 20 and 40 years, will be issued for a subscription.
DAFZA share of Dubai’s non-oil trade is 11% in H1 2021
In terms of re-exports, DAFZA grew 24 percent to total AED40.8 billion, representing 20.5 percent of Dubai's total non-oil foreign...In terms of re-exports, DAFZA grew 24 percent to total AED40.8 billion, representing 20.5 percent of Dubai's total non-oil foreign trade
As for commercial partners, China came in first at 30 percent with a trade value of AED23 billion
Abu Dhabi discusses investment cooperation with Egypt
The Abu Dhabi Development Fund received a delegation from the Central Bank of Egypt.Since it commenced its activities in Egypt in 1974, ADFD has funded more than 75 strategic projects in the country
Spanning several sectors, they have with a total value of approximately AED3.3 billion (around $900 million)
Investcorp expands US holdings
Mubadala is biggest shareholder of asset manager Investcorp.Bahrain-based Investcorp has acquired 89 industrial properties across four major US markets
The real estate acquired is approximately 2.2 million square feet, for a total of $380 million
Masdar to build five solar plants with a capacity of 1 GW in Iraq
Abu Dhabi-based renewable energy company Masdar on Thursday announced it will develop five solar photovoltaic (PV) projects in Iraq with...The solar photovoltaic projects will be developed in Dhi Qar, Ramadi, Mosul and Amarah areas.
Iraq, the second-largest OPEC oil producer, is aiming at 20 to 25 percent of renewables in power production.
GCC fertilizer use up in pursuit of food goals
The region is also fast adopting modern agricultural practices such as vertical farming, hydroponics, greenhouse vegetable production to grow more...Urea demand is projected to grow close to two percent per year from 2018 to 2025.
Governments are turning to the private sector to help finance desalination projects to meet water needs.
Saudi to lift ban on Qatar’s beIN Sports: source
Saudi Arabia banned the major broadcaster, which holds the rights to the English Premier League (EPL) and other top competitions,...Riyadh was seeking to settle Qatar's $1 billion arbitration claim over pirate broadcasts to Saudi audiences by the BeoutQ network
Saudi Arabia, the United Arab Emirates (UAE), Bahrain and Egypt cut ties with Doha over allegations it supported extremists and was too close to Iran
Arkan-Emirates Steel merger complete
The merger creates the UAE’s largest steel and building material company.The transaction provides significant revenue diversification for the Combined Group
Arkan issued to Senaat a convertible instrument, which converted into 5.1 billion ordinary Arkan shares
Natural gas market soars to record heights
Europe's reference Dutch TTF gas price hit 162.12 euros per megawatt hour and UK prices leapt to 407.82 pence per...Europe's reference Dutch TTF gas price hit 162.12 euros per megawatt hour and UK prices leapt to 407.82 pence per therm in morning deals
Soaring gas prices -- coupled with oil which has struck multi-year highs -- have fuelled fears over spiking inflation and rocketing domestic energy bills
Cisco shares vision for a digital future at Expo 2020 Dubai
Located at Expo 2020 Dubai’s Partner Hub, Cisco’s digitally powered environment takes inspiration from natural groves and their intelligent underground...Located at Expo 2020 Dubai’s Partner Hub, Cisco’s digitally powered environment takes inspiration from natural groves and their intelligent underground systems
Aligned with Expo 2020’s theme of ‘Connecting Minds, Creating the Future’, The Cisco Grove illustrates how smart, intuitive networks can create greater connectivity
